American Cars

[Van]

Doesn't matter. That's the beauty of leasing: options. Those options paired with desperate dealers is a combo that always works in favor of the customer.

Here's the only real downside to leasing: Many people can't qualify for the most beneficial rates/terms. Then again, those same people also usually don't qualify for 0% purchases. Also, not all makes/models offer particularly attractive factory lease programs, especially if we're talking lower-end makes/models. Even then, however, the savvy customer with Tier 1 credit can negotiate better terms that will likely end up beating those he can get on a purchase...unless, again, he can get the dealer to buy the purchase rate down to 0%.

[Derron]

Make the distinction clear here..you are talking about "high line" cars. Cars that probably sell for 45K or more. Luxury cars. Maybe leasing works, maybe not. I sold enough brand new turf equipment over years to know that the lease has to be structured perfectly or the buyer is getting fucked.

If you are buying "high line cars..what ever. Even if I could "afford it", I am not paying that much for a car. I don't have those kind of ego needs to feed. I want a good solid automobile that will give me 10 years of service. I buy 3 to 5 year old cars from private parties for cash money. Buyers can get great deals with cash. Even when I had my business, I did not spend that much on work trucks. It just did not pencil out. Being debt free is much better than owing on anything except the house.

[Van]

No, I am not only talking about high-line makes. Not at all. This applies to most mid-level makes, as well. And while I have no idea how lease programs work with turf equipment, I'm reasonably certain they don't offer all the same options as a modern auto leasing company's suite of programs.

[War Wagon]

Tier 1 credit

Which tier are you in, Van?

Is it easier to buy a BMW or sell it?

[Van]

They're both easy. People who want a BMW typically aren't shopping too many other makes, and many won't even bother looking at anything else...new or used. Same thing with Volkswagen and, especially, Subaru.

[War Wagon]

You didn't answer my first question, apparently I am dealing with a used car salesman here.

[Van]

I specifically answered the question that was germane to the topic. Why you'd also ask about my personal credit rating, I have no idea, but it's irrelevant to the discussion.

Suffice it to say, I leased my last new vehicle.

[War Wagon]

my credit sucks, is that relevant?

[mvscal]

my credit sucks, is that relevant?

Yes, of course it's relevant. With shit credit comes shit leasing terms assuming you're able to lease at all. Van sells motorcycles, if my spreadsheet is not mistaken. He knows more about vehicle finance than you and your entire clan of genetic mishaps.

My dad also leases and he was merely a senior VP of a major financial institution's west coast auto dealer finance division with a balance sheet of over a billion dollars in inventory. I guess he must not know what he's doing either. Maybe I should send him your email so you can let him know what the real deal is. I'm sure he'd appreciate it.

[Van]

mvscal, I haven't sold motorcycles since 2006 but I do know quite a bit about auto leasing. Yes, like your father, most people in the industry who know what they're doing nearly always lease instead of purchase.

[M2]

mvscal, I haven't sold motorcycles since 2006

You haven't had a job since then... so, how are you paying your bills, there Vannie ???

[Van]

Sure I have, and I do now, just not selling motorcycles. If you must know, I'm currently on 'nonactive employed' status at work and on medical disability leave during my cancer treatments.

[Go Coogs']

I would think leasing vs purchasing depends on the miles you put on it during the term of the lease or purchase. Am I right?

Mrs. Rumps puts about 8000 miles on her vehicle per year and when we did a lease to buy on the F-150 a number of years ago, we came out ahead on the remaining balance vs what the truck was worth when we financed it through her credit union. The lease was a very low percentage rate because the dealer thought they would get us in the end on the purchasing side because of depleting value on the truck. We leased for three years and then financed it for another three but paid it off in 18 months time. I could be wrong, but I thought we came out in good shape after all was said and done. Now, the truck just sits in the driveway for weeks at a time without me or Mrs. Rumps driving it. I just rolled 50k on it last week and the damn thing is over six years old. Not sure what I want to do with it at this point, except maybe trade it in for something newer and with a bigger engine in it.

[smackaholic]

if you wring up the miles quickly, leases don't work so well. if you stay within the mileage limits, perhaps they can make sense. You should sell the ford while it still has decent value. do with a 1 ton domestic with the diesel. it should be able to tow mrs rumps around easily enough. i'd recommend the dodge cummins. the chevy duramax is good too. the newer (non 7.3) powerstroke fords are crap, but, the older 7.3 IH built ones run for ever.

[Van]

High-mileage hurts on a purchase every bit as much as it does on a lease. Either way, you're going to get hit just as hard for excess miles. At least with a lease you have the up-front option to build the lease around your expected mileage, plus the KBB penalty for excess miles on a purchase is usually worse than the penalty imposed on an expiring lease.

[bradhusker]

I'm lazy as shit about oil changinig. Got a good quickie place nearby where they've retained the same basic staff for like 10 years, so I trust 'em. Reasonable price, too.

I do my bike.

see, thats the PROBLEM, you are putting crap oil in your engine. I ONLY use amsoil pure synthetic oil,
I can safely go 15,000 miles between changes. AND, NO other oil on the fuckin planet lubricates as good as amsoil pure synthetic, thats a FACT.

[bradhusker]

my credit sucks, is that relevant?

yeah, it is relevant, you need to get your credit in the mid 700's, it will make your life go smoother.

[bradhusker]

Infinity= over priced Nissan.

Acura = over-priced Honda
Lexus = over-priced Toyota
Audi = over-priced Volkswagen
Cadillac = over-priced Chevy

Right? You don’t know that much about cars.

to be honest, the ford F-150 is hands down the best vehicle on the road today. Its american steel, durable, luxurious on the inside, great looking on the outside, pound for pound, dollar for dollar, YOU CANT BEAT IT.
Ive sat in a cadillac, a BMW, a mercedes, a lexus, and guess what? The F-150 is bigger roomier, more comfortable, and more "lap of luxury" IMHO. AND, its a truck!!!!
Why would you drive anything else?